MINISTER FOR FINANCE AND DIRECTOR OF SINGLE RESOLUTION BOARD DISCUSS THE ADOPTION OF THE MREL STANDARDS FOR THE BANKING SECTOR

Reference Number: 17-10-24, Press Release Issue Date: Oct 24, 2017
 
​Minister for Finance and Director of Single Resolution Board discuss the adoption of the MREL standards for the banking sector.
 
Minister for Finance Prof Edward Scicluna met with Dr. Joanne Kellermann, Member of the Single Resolution Board, at his Ministry office in Valletta today Tuesday 24th October to discuss issues related to the introduction of an orderly resolution of failing banks through a Minimum Requirements for own funds and Eligible Liabilities (MREL).
 
Ms Denada Prifti, Head of Unit of the Resolution Board and Minister’s Chief of Staff Dr. Paul DeBattista were present for the discussions.
 
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